- The 20-day EMA is providing strong dynamic support to the VET coin price.
- The VET/BTC pair was trading at 0.000002534 BTC with a gain of -3.12%.
- The 24-hours volume for the VET coin is $1.12 Billion, indicating a 27.2% fall.
The VET coin chart was a good long opportunity for cryptocurrency traders when it crossed the $0.128 neckline, which is the inverted and shoulder patterns of the daily-time frame chart.
In addition, the price has retraced to test this level and, on October 28, the price launched a news rally starting from this level. This rally is currently trying for $0.0154 resistance, the swing high.
Concerning EMA’s: The VET coin’s price is trading above critical EMAs of 20, 100, 200, and 50. This suggests a bullish trend alignment. This coin has strong support from the dynamic 20 EMA.
The current RSI (BULLISH), is 65. This indicates a bullish feeling within the VET coins.
The VET Coin Trying To Sustain Above The $0.154 Mark
The VET coin price has provided support in the 4 hour time frame chart by closing at $0.153 mak. To get proper support, the coin price is currently testing this broken level. The technical chart shows a lower price rejection in recent candles, which suggests that there is a lot of demand in this area.
MACD indicator: Both MACD signal lines move above the neutral zone (0.00) to indicate bullish momentum in the VET coin.
Conclusion: Technically, VET coins are bullish. The chart, as previously mentioned, indicates that the VET coin has more potential to rise when the price attempts to exceed the swing high at $0.154. However, crypto traders must be patient and wait until the price reaches a level that is sustainable.
Support: $0.154
Resistance: $0.174